Management
Donald Trump isnโt letting up on his controversial campaign style โ or his snipes at Macyโs Inc., for that matter. On Sunday, the billionaire businessman and GOP presidential contender, was asked on CBSโ โFace the Nationโ about the disparity in pay between corporate chief executive officers and the average worker. โItโs very hard if you have aโฆ
Furniture and home appliance retailer Conn's Inc. on Wednesday said it would securitize $1.4 billion of consumer debt and announced a new chief executive. The chain also completed a strategic review triggered by struggles last year with its credit-financing business. The Woodland, Texas, company announced a slightly worse-than-expected profit for its latest quarter, though revenue met Wallโฆ
H&M, Europeโs second-largest clothing retailer, is rolling out a more generous compensation program for its Asian suppliers to improve factory conditions and combat unrest in the countries that produce the majority of its apparel. The Swedish retailer, which has 3,649 stores across 59 markets, is introducing a โfair wage methodโ to 68 factories in China, Cambodiaโฆ
Wal-Mart said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the retailer was retaliating against workers for organizing. Wal-Mart will start hiring for the stores in Texas, Oklahoma, Florida and California, and will encourage previousโฆ
Six months after the ax fell on hundreds of workers at Target Corp. headquarters, the companyโs technology operations finally felt the effect of its downsizing, with 235 people in the Twin Cities told they were out of a job Tuesday. The retailerโs information technology units were spared in earlier rounds of layoffs as the senior executivesโฆ
Net-a-Porter founder Natalie Massenet said she plans to explore โnew ideas and opportunitiesโ after resigning from the online fashion retailer she founded 15 years ago. โMy entrepreneurial drive is as strong today as it always has been, and my passion for innovation will continue to be my greatest guide in business,โ Massenet said. Massenetโs departure comes asโฆ
Wal-Mart, in the midst of spending $1 billion to raise employeesโ wages and give them extra training, has been cutting the number of hours some of them work in a bid to keep costs in check. Regional executives told store managers at the retailerโs annual holiday planning meeting last month to rein in expenses by cuttingโฆ
An e-commerce lifer โ granted, thatโs less than 20 years โ Stormy Simon canโt imagine doing anything else for a career. As president of Overstock.com, the Salt Lake City-based online retailer of home goods, furniture, womenโs and menโs apparel, jewelry, electronics and a host of other products, Simon relishes the opportunity to come to work each day in such a dynamic, fast-paced industry. From temp worker to leading a company of 1,500 employees, itโs been quite a 14-year journey for Simon at Overstock.
Facing increasing pressure to curb erratic scheduling practices, Gap announced that it would stop requiring employees to make themselves available for last-minute shifts. The move makes Gap the latest retailer to move away from โon-call scheduling,โ which regulators, workersโ rights groups and some academics say is detrimental to employees and their families.
If the only person who soothed you during Mondayโs stock market chaos was an extra-friendly Starbucks barista, thank Howard Schultz. In a flowery memo to the chainโs 190,000 employees (called โpartnersโ in Starbucks lingo), the coffee giantโs billionaire chairman and chief executive told baristas to be especially sensitive to the customers asking them for aโฆ